PartnershipJul 30, 2026, 05:17 PM
NetClass Technology issues 810,000 shares for 3 service agreements
AI Summary
NetClass Technology Inc. entered into three separate 12-month service agreements on July 20, 2026, with unaffiliated third parties. The company issued a total of 810,000 Class A ordinary shares as consideration for these services. The agreements cover outdoor advertising, technology services for a word-memorizing interactive game system, and technical consulting for an AI-powered Portuguese proficiency assessment system.
Key Highlights
- NetClass Technology entered into three 12-month service agreements on July 20, 2026.
- Issued 320,000 Class A ordinary shares to China Outdoor Media for advertising services.
- Issued 240,000 Class A ordinary shares to Gang Zhu for technology services.
- Issued 250,000 Class A ordinary shares to ZEN SONG for technical consulting services.
- A total of 810,000 Class A ordinary shares were issued as consideration for the services.
- All services commenced on February 1, 2026, and are for a 12-month period.
- The issued Class A ordinary shares are restricted securities.
Price Impact
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